Funding to Fuel Expansion into New Markets, Enhance
Technology, and Grow Team; EverFence provides instant quotes,
faster lead times, and the widest range of fence types in the
U.S.
NEWPORT
BEACH, Calif., July 18,
2024 /PRNewswire/ -- HIPstr, HighPost Capital's
Early-Stage Investment arm fuels EverFence's expansion into new
markets with a $7M Series A funding
round. The funding will enhance technology and grow the team, aimed
at transforming an outdated Home Improvement process. HighPost was
established in 2019 by David Moross,
a veteran of PE investing in the consumer sector, and successful
marketing innovator Mark Bezos.
According to Grand View Research, the global fencing market is
experiencing strong growth, with total transaction value reaching
$30.4 billion in 2023 and a projected
compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.
David Moross, Chairman and Chief
Executive Officer of HighPost, commented, "We are excited to make
this investment in EverFence, a company with strong leadership, a
wide range of product offerings, best-in-class customer service,
and the only fence company to offer a lifetime guarantee."
Founded in 2020 by seasoned industry experts, EverFence provides
homeowners with a seamless online shopping experience never seen
before in the industry and offers guaranteed projects for
contractors with full transparency on timing, pricing, materials,
and profitability. EverFence also provides full back-office support
to remove the time-consuming backend logistics for service
providers.
"Our goal is to be a one-stop shop for homeowners' fencing
needs. There is a critical need to innovate this industry to
enhance capabilities and provide a better shopping experience and
customer service to clients," said Matt
Sivewright, Founder and CEO of EverFence. "Using this new
capital, we will expand our home services offerings into adjacent
verticals like deck and patio construction among others. We are
thrilled to be working with the HIPstr team, who share in our
mission and will bring significant resources and strategic guidance
as we seek to scale our business."
EverFence delivers instant quotes on its website without the
need for contractor visits, massively improving the efficiency of
the home improvement process for both sides. Currently, EverFence
serves Southern California,
Dallas/Fort Worth, Texas, and
Orlando, Florida.
About EverFence:
We combine fence industry experts
with the best quality materials, and a dedication to our clients
that is unmatched by our competitors.
We pride ourselves on our service levels, and our repeat clients
are a testament to our team's dedication to going the extra mile
time and time again. With more than 20 years' experience in the
fence industry, both here in the US and abroad, there is no project
too big, too complex or too small for the team at Everfence.
About HIPstr
HIPstr is the early-stage investment arm
of HighPost Capital, LLC, a private investment firm wholly owned by
HighPost Capital focused on the global consumer sector. Leveraging
its experienced team and disciplined approach, HIPstr seeks to
partner with founders and entrepreneurs to provide robust financial
and strategic guidance, strong consumer industry relationships,
deep marketing experience, and the ability to help optimize
logistics and supply chain, among other things. For more
information, please visit https://www.highpost.com/hipstr/.
About HighPost Capital
HighPost Capital, LLC
("HighPost") is a private investment firm focused on the global
consumer sector. Founded by leading private equity fund investor
and chief executive, David Moross,
and successful marketing innovator, Mark
Bezos, HighPost seeks to leverage the respective skills,
network, and experience of its principals to create long-term value
for its portfolio companies. HighPost seeks to identify
opportunities with family-controlled and entrepreneur-led companies
that share a differentiated approach to value creation. For more
information, please visit https://www.highpost.com.
Media Contact: Ronjini Joshua
Email: 380487@email4pr.com
Phone: 949-295-9779
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SOURCE EverFence